In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm’s strategy was to “to invest in hydrocarbons today, because today’s energy system is a hydrocarbon system.” F. Carter Smith | Bloomberg |
Month: October 2022
Keppel Data Centres and Shell Eastern Petroleum will jointly study the feasibility of developing Singapore’s low-carbon energy hub and microgrid system. The parties have signed a memorandum of understanding that sets up the cooperation framework. Keppel Data Centres and Shell will collaborate by leveraging each other’s expertise to evaluate the commercial and technical feasibility of
By Simon Alvarez Posted on October 31, 2022 Car buyers looking for a used Tesla Model 3 in the UK may be in luck, as recent reports have revealed that the prices of the all-electric sedan in the second-hand market are starting to level off. As noted by Car Dealer Magazine UK, used vehicle prices in
Blink Charging (BLNK), one of the leading EV charging companies across North America and Europe, is unleashing Plug&Charge technology to make an effortless experience, prompting further zero-emission adoption. Since its foundation in 2009, Blink Charging has grown into an EV charging powerhouse. The accelerating pace of electric vehicle adoption over the past several years has
Offshore wind farm. davee hughes uk | Moment | Getty Images The developer for a major offshore wind power project in Massachusetts has asked state regulators to pause review of the contract for one month, saying that global price hikes, inflation and supply chain shortages are disrupting the plan. The Commonwealth Wind project, which would
Tesla CEO Elon Musk photographed in Austin, Texas, on April 7, 2022. The electric vehicle firm has also made forays into battery storage. Suzanne Cordeiro | AFP | Getty Images Dogecoin, the cryptocurrency branded after a viral dog meme from 2013, is up 35% since Monday as Elon Musk’s deal to buy Twitter approaches a
A little-known unit of Russia’s main stock exchange has become a vital link to the global financial system as tens of billions of dollars and euros flood in from sales of oil and other commodities. The National Clearing Centre has seen its foreign-exchange holdings surge this year, according to people familiar with its operations. A
By Johnna Crider Posted on October 29, 2022 Elon Musk’s acquisition of Twitter has finally come to a close, and as he takes charge of the platform, some advertisers aren’t too happy. Citing his love for humanity, Elon Musk wrote a letter to Twitter’s advertisers emphasizing the importance of ad relevancy on Thursday. On Friday,
An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on May 11, 2022. Anadolu Agency | Anadolu Agency | Getty Images A perfect storm is taking place in the diesel market, with dwindling diesel reserves, a drought on the Mississippi River pushing more product to rail and truck,
An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to phase out the sale of new diesel and gasoline cars and vans took a big step forward this week after
A man wearing a mask rows his boat as smoke from wildfires covers Seattle, Washington REUTERS/Karen Ducey Doctors are taking aim at the fossil fuels industry, placing blame for the world’s most dire health problems on the companies that continue to seek oil and gas profits even as climate change worsens heat waves, intensifies flooding
President Joe Biden criticized record energy company profits after Shell Plc announced its second-highest earnings ever while raising its dividend and expanding buybacks. “That’s more than twice what they made in the third quarter of last year, and they raised their dividends as well, so the profits are going back in their shareholders instead of
By William Johnson Posted on October 29, 2022 Stock in the German automaker Porsche has hit record highs today after the company posted a stellar earnings report for Q3. In short, Porsche (XETRA: P911) had an incredibly successful quarter, especially regarding financials. The company has increased revenue by 41% in the first nine months of
One of the best things about scouring Alibaba for awesomely weird electric vehicles is that many of them seemingly start from something rather normal. There’s nothing strange about an electric tour bus, until it comes shaped like a tiger. Stuffed animals are rather normal, until engineers added wheels, motors and batteries to make them rideable.
The iconic Old Faithful Geyser springs to life (every 90 minutes) in Yellowstone National Park’s Upper Geyser Basin on September 18, 2022, in Yellowstone National Park, Wyoming. Sitting atop an active volcanic caldera, Yellowstone, America’s first National Park, is home to more geological hydrothermal features (geysers, mud pots, hot springs, fumaroles) than are found in
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Looking for new names We made 2 trades Earnings recap 1. Looking for new names Stocks climbed Friday, with the Dow Jones Industrial Average up nearly 2%. And we’re looking
In this article CNA-GB Follow your favorite stocksCREATE FREE ACCOUNT An Iberdrola facility photographed in Spain. Europe is looking to develop a number of hydrogen projects over the coming years. Angel Garcia | Bloomberg | Getty Images Hydrogen will be injected into a gas-fired, grid-connected power station during a trial project set to last 12
The Texas Railroad Commission (RRC) announced recently that Texas became the first state in the U.S. to begin plugging abandoned oil and gas wells using federal grants from the Infrastructure Investment and Jobs Act. Plugging work began earlier this month on an abandoned oil and gas well in Refugio County in South Texas, the RRC
By Joey Klender Posted on October 28, 2022 Tesla is recalling over 24,000 Model 3 units to fix an incorrectly reassembled seatbelt anchor. It is the fifth physical recall out of fifteen total recalls Tesla has announced so far in 2022, with the other then being fixed with an Over-the-Air Software Update. The NHTSA announced
The latest data shows that the EU’s overall storage levels are at an average of nearly 94% full. Picture Alliance | Picture Alliance | Getty Images European gas prices may have dropped to levels not seen in more than four months, but this is far from being the end of the energy crisis, four industry
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